I own a freehold house in Lyndhurst but still pay rent, why is this and what is this?
It is rare for properties in Lyndhurst and has limited impact for conveyancing in Lyndhurst but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Lyndhurst?
Two types of professional can execute conveyancing in Lyndhurst namely licenced conveyancers or solicitors. Both professionals provide conveyancing services that required to complete the disposal or acquisition of property. Both are duty bound to handle Lyndhurst conveyancing to the same quality and guidelines so you can be sure that your conveyancing will be properly conducted and that the requirements and steps will be suitably adhered to.
Is there a list of Aldermore panel solicitors in Lyndhurst on the Building Society Association’s Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association sites. Very few banks make their panel listings available online. If you are looking for a Lyndhurst lawyer on the Aldermore please use our tool.
Can I be sure that the Lyndhurst conveyancing solicitor on the RBS panel is any good?
When it comes to conveyancing in Lyndhurst getting recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the lawyer conducting your conveyancing.
What can a local search reveal about the property my wife and I buying in Lyndhurst?
Lyndhurst conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search organisations for instance PSG The local search plays an important role in many a Lyndhurst conveyancing purchase; as long as you wish to avoid any unpleasant surprises after you move into your property. The search will reveal data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic headings.
Me and my brother have a semi-detached Edwardian property in Lyndhurst. Conveyancing solicitor acted for me and Leeds Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold under the matching address. If a house is not a freehold shouldn't I have been informed?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Lyndhurst and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with the conveyancing lawyer who carried out the work.
I am looking for a leasehold apartment up to £235,500 and found one round the corner in Lyndhurst I like with amenity areas and railway links nearby, however it only has 51 years on the lease. There is not much else in Lyndhurst for this price, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a home loan the shortness of the lease may be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.
I am a fortnight into a leasehold purchase having been referred to a firm by the estate agent to execute conveyancing in Lyndhurst. I am am very disappointed with the level of service. Could you help me find new solicitors?
A lawyer would have to be really bad to suggest replacing them. Has your loan offer been generated? If so you need to advise them of the replacement solicitor and get the loan are re-issued. Your solicitor ideally needs to be on the banks panel to avoid escalating fees and delays. So that should be your first question of the new solicitors. The search tool will help you find a bank approved solicitor for your home move in Lyndhurst